The price of Federated Hermes Inc. (NYSE:FHI) shares last traded on Wall Street rose 0.63% to $40.10.
FHI stock price is now 3.79% away from the 50-day moving average and 13.89% away from the 200-day moving average. The market capitalization of the company currently stands at $3.56B.
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With the price target enhanced from $32 to $40, Keefe Bruyette Upgraded its rating from Mkt Perform to Outperform for Federated Hermes Inc. (NYSE: FHI). On April 12, 2022, Citigroup Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $198.50 to quote $28.50, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, Uhlman Paul A, Vice President sold 14,256 shares of the company’s stock on Mar 07. The stock was sold for $556,933 at an average price of $39.07. Upon completion of the transaction, the Vice President now directly owns 370,073 shares in the company, valued at $14.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07, CEO, Hermes Fund Managers Ltd. Nusseibeh Saker Anwar sold 9,933 shares of the business’s stock. A total of $388,591 was realized by selling the stock at an average price of $39.12. This leaves the insider owning 256,569 shares of the company worth $10.29 million. Insiders disposed of 389,179 shares of company stock worth roughly $15.61 million over the past 1 year. A total of 3.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FHI stock. A new stake in Federated Hermes Inc. shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $16,722,000. POINT72 ASSET MANAGEMENT, L.P. invested $8,473,000 in shares of FHI during the first quarter. In the first quarter, PANAGORA ASSET MANAGEMENT INC acquired a new stake in Federated Hermes Inc. valued at approximately $6,631,000. HRT FINANCIAL LP acquired a new stake in FHI for approximately $5,301,000. D. E. SHAW & CO., INC. purchased a new stake in FHI valued at around $4,556,000 in the second quarter. In total, there are 397 active investors with 81.90% ownership of the company’s stock.
A candlestick chart of Federated Hermes Inc. (NYSE: FHI) showed a price of $39.82 on Tuesday morning. During the past 12 months, Federated Hermes Inc. has had a low of $27.88 and a high of $41.20. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 2.50, and a quick ratio of 2.50. The fifty day moving average price for FHI is $38.64 and a two-hundred day moving average price translates $35.21 for the stock.
The latest earnings results from Federated Hermes Inc. (NYSE: FHI) was released for Dec, 2022. According to the Asset Management Company, earnings per share came in at $0.9, beating analysts’ expectations of $0.77 by 0.13. This compares to $0.71 EPS in the same period last year. The net profit margin was 15.70% and return on equity was 22.50% for FHI. The company reported revenue of $373.9 million for the quarter, compared to $321.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.25 percent. For the current quarter, analysts expect FHI to generate $382.27M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/15/2023. Investors who held shares on 02/08/2023 were paid a $0.27 dividend. On an annualized basis, this represents a $1.08 dividend and a 2.69% percent yield. There was an ex-dividend date of 02/07/2023 for this dividend. In terms of dividend payout ratio, FHI is presently at 40.30%.
Federated Hermes Inc.(FHI) Company Profile
Federated Hermes, Inc. is a publicly owned investment manager. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors. Through its subsidiaries, it manages separate client-focused equity, fixed income, balanced and money market mutual funds along with separate client-focused equity, fixed income, money market, and balanced portfolios. Through its subsidiaries, the firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of small-cap, mid-cap, and large-cap companies. The firm makes its fixed income investments in ultra-short, short-term, and intermediate-term mortgage-backed, U.S. Government, U.S. corporate, high yield, and municipal securities. It employs both fundamental and quantitative analysis to make its equity investments. Federated Hermes, Inc. was founded in 1955 and is based in Pittsburgh, Pennsylvania with additional offices in New York City and London, United Kingdom.
